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Fly News Breaks for February 26, 2020
NKE
Feb 26, 2020 | 07:26 EDT
As previously reported, HSBC analyst Erwan Rambourg downgraded Nike to Hold from Buy with a price target of $112, up from $95. While he believes Nike, which he calls the "LVMH of sporting goods," continues putting pressure on competitors with its long-term investments, Rambourg sees a "somewhat stretched valuation" and Chinese profit risks limiting the stock's upside in the near-term.
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